Can’t wait. Always such a treat.
I know Sean posted this earlier, but just incase you missed it. Former Bank of England Monetary Policy Committee member David Blanchflower says UK economy could go “belly up” with millions of job losses. I think this guy is top … Continue reading
What really matters for policy is not current rate of inflation but medium-term outlook Didn’t raise rates in February because MPC sees CPI risks equally balanced at present Domestic contribution to inflation is low It is clear that at some … Continue reading
Broadly equal chance of CPI being either above or below target 2% in 2 years, if rates follow market path Still a wider than usual range of views on MPC over outlook for inflation and growth, prospects highly uncertain CPI … Continue reading
Cable up at 1.6160 from North American close Tuesday around 1.6125. Sterling survived (probably too strong a word, but what the heck) poor Nationwide consumer confidence data for January (down to 47 from previous 54 and lower than median forecast … Continue reading
Stops through 1.6115 were duly found and we’ve been as high as 1.6133 so far, presently at 1.6128. Sterling bulls have been emboldened by tone of Kings’ inflation letter to the Chancellor. It certainly gave me the impression the Old … Continue reading
Excluding these factors, CPI would probably be well below 2% target Real differences of opinion on MPC, great deal of uncertainty about mid-term CPI outlook CPI likely to pick up to between 4-5% over next few months due to commodity, … Continue reading
Ain’t that the truth. Bloomberg report. Elsewhere, there are increasing media calls for the Old Lady to tighten monetary policy in the face of burgeoning inflationary pressures.
Dear George, It’s me again. Got some more bad news…….Regards Merve
Stronger than median forecasts of +0.5%, +4.4% respectively. Highest y/y rate since May 2010. Input prices +1.7% m/m, +13.4% y/y, stronger than median forecasts of +1.4%, +12.6% respectively. Highest y/y rate since October 2008. Data going to increase calls for … Continue reading